18 Sep 2025
📈SEC Notice on Joint Transactions Application Impacting Investment Companies
Rand Capital Corporation, et al.
Summary
The SEC has issued a notice regarding an application from Rand Capital Corporation and affiliates to allow certain business development companies to engage in co-investments, which could enable them to increase portfolio company investments collaboratively. Interested parties may request a hearing before the Commission's decision on the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves an application by multiple applicants for co-investment permissions under the Investment Company Act, which may impact their business operations and compliance frameworks. This is relevant for business development companies (BDCs) and closed-end management investment companies that may benefit from collaborative investments.